|
CNBC'S MOST SHARED
- Unemployed? Bored? Make Money Playing Beer Pong
- WPP's Sir Martin Sorrell on the Ad Recession
- Social Networking's 'Naked' Truth
- Merrill's McCann Seen as UBS Wealth Frontrunner
- The View From Newark
- Warren Buffett's Top Three Investment Rules for the Average American
- Fast Funds: Hot Ways To Play China
- Why You Should Watch Fund Flows
- Eric Schmidt on Government Scrutiny and Economic Recovery
- Earnings 101: Beyond The Big Names
- Eric Schmidt on Government Scrutiny and Economic Recovery
- Market 360: The Week's Best & Worst
- Geek Squad V. Gizmodo
- Brandt: Google Chrome OS in the Post-PC Age
- Other People Are Weirder Than We Are
- Bank Failures: Is The Nightmare Over? (Video)
- California Here I Go? No.
- Roginsky: No More Mr. Nice Guy
- Commercial Conundrum
- Government Selling Bank Stakes for Too Cheap: Panel
- Buffett's Top 3 Investment Rules for Average Americans
- Market Insider: Earnings Loom in the Week Ahead
- Bulls Get Summertime Blues, But It's Hot Fun for Bears
- As Banks Fail, Strong Institutions Become More Visible
- GM IPO in Second Quarter 2010 at the Earliest: CFO

- Merrill's McCann Seen as UBS Wealth Frontrunner
- It's Not the Wealthy Who Are Leaving California: Study
- Atlantic City Takes Hit as Pennsylvania Casino Opens

How goes the battle against Chinese intellectual piracy? John Taylor, Hoover Institute fellow and former Treasury department undersecretary, joined James Bacchus, chairman of the global trade practice group at Greenberg Traurig, to reassure "Power Lunch" viewers that "we're making progress as we speak."
Bacchus, who also served as chairman of the World Trade Organization's appellate body, told CNBC's Sue Herera that the U.S. must pressure China "on a number of fronts -- and it is." He agreed with China's Vice Premier Wu Yi, who cautioned that "domestic politics shouldn't cloud sound economic decisions" -- and he said that protectionist backlash is a "legitimate fear."
But Bacchus said the two copyright infringement suits filed by the U.S. with the WTO are "not about protectionism -- they're about our rights under the WTO framework." He said they're also rights that China agreed to acknowledge when it signed off on the WTO treaty. He declared that Beijing's cracking down on piracy will only help lower trade barriers, in turn helping China.
Taylor agreed, maintaining that China is "working to enforce the law more" and is "prosecuting more cases." He pointed to moves like Beijing's reported investment in Blackstone as proof that the Pacific country and the U.S. are making "good, steady progress" on currency negotiations, too.




